TIDMPAT
RNS Number : 8477E
Panthera Resources PLC
04 July 2023
4 July 2023
Panthera Resources Plc
("Panthera" or "the Company")
Equity Financing Update
Gold exploration and development company Panthera Resources Plc
(AIM: PAT), with assets in West Africa and India provides the
following update in respect of the Company's equity financing as
originally announced on 29 March 2023.
Most recently, on 5 June 2023, the Company announced, amongst
other matters, that admission of the second tranche of new ordinary
shares of 1 pence each in the Company (the "New Ordinary Shares")
is anticipated to occur on or around late June 2023.
The Company is pleased to now confirm that 1,929,412 New
Ordinary Shares (previously 1,925,000 New Ordinary Shares)
representing GBP 82,000.01 before expenses (previously GBP
81,812.50 before expenses ) (together the "Second Tranche") is
anticipated to be admited to trading on AIM on or around 7 July
2023 ("Second Admission").
Equity financing summary
As part of the equity capital fundraising, 21,725,590 New
Ordinary Shares (representing GBP 923,337.58 before expenses)
(together the "First Tranche") admitted to trading on AIM on 5 May
2023 ("First Admission"). Accordingly, subject to and following
Second Admission, a total of GBP 1,005,337.59 before expenses will
have been raised through the issue of 23,655,002 New Ordinary
Shares pursuant to the equity capital fundraising as originally
announced on 29 March 2023.
Issue of options
Pursuant to the terms of the equity financing, as announced by
the Company on 29 March 2023, subscribers will also receive one
warrant for every two Ordinary Shares subscribed for, exercisable
at a price of 6.68 pence on or before 10 December 2025 (the
"Warrant"), with each Warrant entitling the holder to acquire one
new Ordinary Share upon exercise of the Warrant. Accordingly, in
respect of the Second Tranche, 964,706 Warrant s will be
issued.
All other terms of the equity financing, as otherwise outlined
in this announcement, remain unchanged from those terms as
originally announced by the Company on 29 March 2023.
Second Admission and Total voting rights
Application will be made to the London Stock Exchange plc
("LSE") for the 1,929,412 New Ordinary Shares to be admitted to
trading on AIM, which is expected to occur on or around 7 July
2023.
Upon Second Admission, the Company's issued ordinary share
capital will consist of 154,509,083 ordinary Shares with one voting
right each. The Company does not hold any ordinary Shares in
treasury. Therefore, the total number of ordinary Shares and voting
rights in the Company will be 154,509,083 . With effect from Second
Admission, this figure may be used by Shareholders in the Company
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
Unless otherwise defined herein, the capitalised defined terms
used in this announcement have the same meaning as those used in
the Company's announcement on 29 March 2023.
Contacts
Panthera Resources PLC
Mark Bolton (Managing Director) +61 411 220 942
contact@pantheraresources.com
Allenby Capital Limited (Nominated Adviser & Joint Broker) +44 (0) 20 3328 5656
John Depasquale / Vivek Bhardwaj (Corporate Finance)
Kelly Gardiner / Stefano Aquilino (Sales & Corporate
Broking)
Novum Securities Limited (Joint Broker) +44 (0) 20 7399 9400
Colin Rowbury
Subscribe for Regular Updates
Follow the Company on Twitter at @PantheraPLC
For more information and to subscribe to updates visit:
pantheraresources.com
UK Market Abuse Regulation (UK MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information for the purposes of
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations
2019/310. Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
Forward-looking Statements
This news release contains forward-looking statements that are
based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterised by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly, undue reliance should not be put on
such statements due to the inherent uncertainty therein.
**ENDS**
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END
MSCUSSUROUUBRRR
(END) Dow Jones Newswires
July 04, 2023 02:00 ET (06:00 GMT)
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